Workiva Unveils New Wdesk Solution for Internal Audit Management at Annual User Conference
State Bank and Trust Company is Among the First Organizations to Use Wdesk for Constant Internal Auditing
NASHVILLE, Tennessee – September 19, 2018 – Workiva (NYSE:WK), a leader in data collaboration, reporting and compliance solutions, today unveiled a new Wdesk solution for internal audit management during the opening session of the company’s annual user conference, which runs here through September 21.
“Our Wdesk solution for internal audit disrupts a market segment that is ripe for change,” said Marty Vanderploeg, CEO of Workiva. “Unlike legacy systems, Wdesk is a pure cloud solution that offers real-time collaboration, documentation, workpaper management and workflow, which helps internal auditors gain insight into risk management across their organization.”
Bradley Carroll, Senior Vice President and Chief Audit Executive at State Bank and Trust Company of Atlanta, GA, is among the first customers to use Wdesk for internal audit management.
“My goal at the bank is to manage the audit department as efficiently as possible and assure our audit committee that all three lines of defense are working together to drive down inherent risk to an acceptable level,” said Carroll. “Wdesk provides us with real-time flexibility and collaboration – we’ve never had that before.”
Wdesk helps Carroll’s team create a single source of trusted data across all of their audit documents and digital workpapers. “Wdesk houses everything and has become a one-stop shop for our entire audit process,” he said. “My team is able to work with every audit and review each other’s workpapers. They cite findings, link data and sign off. I can’t imagine doing it any other way.”
With a full history of every change and real-time dashboards, Wdesk enables Carroll to monitor his team’s progress. “With the constant auditing enabled by Wdesk, we have insight into risk management, and my team can provide our managers with real-time information so they can take real-time action,” he added.
“This is where auditing is today. We have to be a strategic department that provides predictive analysis. We have to look at forthcoming trends, predict issues and meet them head on, and Wdesk helps us do this,” said Carroll.
Workiva delivers Wdesk, a leading enterprise cloud platform for data collaboration, reporting and compliance that is used by thousands of organizations worldwide, including over 75 percent of the Fortune 500®. Companies of all sizes, state and local governments and educational institutions use Wdesk to help mitigate risk, improve productivity and gain confidence in their data-driven decisions.
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